REG - Shawbrook Group PLC - Successful Pricing of £250 million AT1 Securities

ShawbrookAnnouncement

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RNS Number : 2724C  Shawbrook Group PLC  28 April 2026

Shawbrook Group plc - Successful pricing of £250 million AT1 Securities
offering

Shawbrook Group plc ('Shawbrook' or the 'Group') today announces the pricing
of its £250 million Fixed Rate Reset Perpetual Additional Tier 1 ('AT1')
Write Down Capital Securities (the 'Securities'), in conjunction with the
invitation launched on 27 April 2026 to holders of its existing £124 million
12.103% AT1 securities to tender their securities for purchase.

The Securities are expected to be (i) issued on 6 May 2026 upon the
satisfaction or waiver of customary conditions precedent and (ii) admitted to
trading on the London Stock Exchange's International Securities Market.
Following issuance, the Securities will be callable from 6 May 2031 to 6
November 2031 (and every interest payment date thereafter), subject to the
satisfaction of certain conditions.

Dylan Minto, Chief Financial Officer commented:

"I'm pleased to announce the successful pricing of our latest AT1 issuance,
which is being undertaken alongside a concurrent tender offer for our existing
AT1 securities. This benchmark transaction enhances our capital flexibility as
we continue to deliver our strategy and the orderbook peaked in excess of £1
billion, reflecting the market's confidence in Shawbrook.

Consistent with our disciplined approach to capital allocation, we actively
manage and optimise our capital stack, across a broad range of funding and
capital instruments. AT1 remains an efficient and effective instrument to
support Shawbrook's continued growth."

The Group achieved competitive pricing, with an initial coupon of 8.375% and a
Reset Spread of 380.4 basis points over Gilts.

Barclays, Goldman Sachs International and NatWest acted as Joint Lead Managers
for the issuance.

For investor enquiries, please contact:

Murray Long

Head of Investor Relations

murray.long@shawbrook.co.uk

 

For media enquiries, please contact:

Zander Swinburne

Teneo

shawbrook@teneo.com

 

About Shawbrook

Shawbrook is a UK bank providing specialist lending and savings products to
consumers, SMEs and professional real estate investors. Our business model
combines specialist lending expertise with a scalable, technology-enabled
platform and disciplined credit underwriting. Shawbrook serves approximately
600,000 customers through its portfolio of brands. Shawbrook Group plc is
listed on the London Stock Exchange and is a constituent of the FTSE 250
Index.

 

IMPORTANT INFORMATION

The securities described herein and in the related Admissions Particulars have
not been and will not be registered under the U.S. Securities Act of 1933, as
amended (the "Securities Act") and may not be offered, sold or delivered
within the United States or to or for the account or benefit of U.S. persons,
as defined in Regulation S under the Securities Act.

This communication is being distributed to and is directed only at persons in
the United Kingdom having professional experience in matters relating to
investments, falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotions) Order 2005 (the "Order"), and persons
falling within Article 49(2) of the Order (all such persons together being
referred to as "relevant persons"). In the UK, this communication must not be
acted on or relied on by persons who are not relevant persons. In the UK, any
investment or investment activity to which this communication relates is
available only to relevant persons and will be engaged in only with such
persons.

MiFID II/UK MiFIR professionals and ECPs-only/No UK/EU PRIIPs KID/FCA CoCo
Restriction - the Securities are not intended to be, and must not be, offered,
sold or otherwise made available to retail clients (as defined in COBS 3.4) in
the UK or to any retail investors in the UK or the European Economic Area (the
"EEA"). No key information document (KID) required by Regulation (EU)
1286/2014 or product summary required by that Regulation as it forms part of
UK domestic law has been or will be prepared in respect of the Securities, as
the Securities are not available to retail investors in the EEA or the UK.

Neither this communication nor the Admissions Particulars are an offer of
securities or investments for sale nor a solicitation of an offer to buy
securities or investments in any jurisdiction where such offer or solicitation
would be unlawful. No action has been taken that would permit an offering of
securities or possession or distribution of this announcement or the
Admissions Particulars in any jurisdiction where action for that purpose is
required. Persons into whose possession this announcement or the Admissions
Particulars comes are required to inform themselves about and to observe any
such restrictions.

The information contained in the Admissions Particulars (when published), may
be addressed to and/or targeted at persons who are residents of particular
countries (specified in the Admissions Particulars) only and is not intended
for use and should not be relied upon by any person outside these countries
and/or to whom the Admissions Particulars are not addressed. Prior to relying
on the information contained in the Admissions Particulars you must ascertain
from the Admissions Particulars whether or not you are part of the intended
addressees of the information contained therein.

Credit ratings referred to in this communication should not be taken as
recommendations by a rating agency to buy, sell or hold Securities. They may
be revised, suspended or withdrawn at any time by the relevant rating agency.

 

 

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